In 2008 there was a banking scandal and there was a run on the banks because knew that they could not access their money. Yesterday Bitfinex has a scandal and everyone with their own keys just smiles. https://cryptostar.money/blog/bitfinex-scandal-bitcoin-stops-bank-runs/ submitted by /u/xJamesB [link] [comments]
The fact that people are not outraged by it tells me everything I need to know about the general attitude, fear, and intelligence (or lack thereof) of the population. We need to catch criminals, but not at the cost of EVERY person’s freedom. Bitcoin lets us transact without permission. Don’t surrender this right so easily, … Read moreKYC is the equivalent of trying to catch pedophiles by legally requiring a body cam on every single citizen 24/7, “just in case”.